Global Luxury Rigid Boxes Market is valued approximately USD XX billion in 2021and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Rigid boxes are type of packaging solutions. These boxes are rectangular in shape. Rigid Boxes features a lid and a tray that is made from cardboard. Rigid boxes are widely used across various end use industries such as food & beverages, consumer electronics, cosmetics among others. Growing Food & beverages sector and rising demand for sustainable packaging solutions are key drivers for the growth of Luxury Rigid Boxes market. For instance, according to global database management company Statista- In 2021, the worldwide functional foods and beverage market was valued at USD 281.14 billion, and the market is estimated to grow at a compound annual growth rate of about 9.5 percent between 2021 and 2028. For 2028, the market is estimated to be worth over USD 0.5 trillion. Furthermore, in September 2021, European Packaging and Containers company Robinson has collaborated with luxury chocolate manufacturer Holdsworth to produce a range of celebration chocolates. The crafted boxes and lids are made from 100% post-consumer recycled paperboard and are widely recyclable. Also, with rising penetration of e-commerce platform in emerging markets and growing advancements in Packaging Technology, the adoption & demand for Luxury Rigid Boxes is likely to increase the market growth during the forecast period. However, negative impact of pandemic restriction on end use industries and high-cost luxury rigid packaging solutions impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Luxury Rigid Boxes Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and rising food and beverages sector in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing bakery and confectionary industry and surging retail food services industry in the region would create lucrative growth prospects for the Luxury Rigid Boxes market across Asia-Pacific region.
Major market player included in this report are:
PakFactory Canada Pvt Ltd.
Madovar Packaging Inc.
Burt Rigid Box Inc.
Taylor Box Company Pvt Ltd.
DS Smith plc
Bigso AB Ltd.
Robinson Plc
Sunrise Packaging Inc.
Finn Industries, Inc.
Asia Korea Printing Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type:
Hinge lid Box
Collapsible Box
Rigid Sleeve Box
Shoulder Neck Box
Two-piece Box
Telescopic Box
Others
By Material:
Fabrics
Metals
Plastics
Paper & Paper Board
Wood
By Closure Type:
Magnetic Closure
Ribbon tie
Mechanical Lock
Others
By Inserts:
Without Insert
With Insert
By End Use Industries:
Fashion Accessories & Apparels,
Food & Beverages,
Consumer Goods
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Luxury Rigid Boxes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors